The Census Bureau has published updated median family income. Individuals who earn more than the median income are required to take a "Means Test" to determine if they qualify for Chapter 7. The below table lists the median income by family size:
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FAMILY SIZE |
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STATE |
1 EARNER |
2 PEOPLE |
3 PEOPLE |
4 PEOPLE * |
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New Jersey |
$61,146 |
$69,697 |
$85,016 |
$103,786 |
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New York |
$47,790 |
$59,308 |
$69,052 |
$83,209 |
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If you would like help from a New Jersey consumer bankruptcy attorney, contact us for a free bankruptcy consultation today.
